A Market Structure in Which Only One Firm Has Survived

question 167

Multiple Choice

A market structure in which only one firm has survived because of its economies of scale is called a

• A)natural monopoly.
• B)planned monopoly.
• C)structural monopoly.
• D)free monopoly.

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Definitions:

Pork Products

Items derived from pigs and processed for consumption, including ham, bacon, sausage, and pork chops.

Maintenance Cost

The expenses associated with the upkeep and repair of assets to ensure their continued operation and efficiency over time.

Floor Space

The total area available within a building or facility that can be used for a specific purpose, such as retail display, manufacturing, or office work.

Cutting Department

A specific section within a manufacturing operation where materials are cut to size as part of the production process.